Relief of Bajaj Finance: CESTAT Quashes Demand of Service Tax in Respect of Amount collected as Bouncing of cheques on ground of Penal Nature of Amount [Read Order]

Bajaj Finance - CESTAT Quashes Demand of Service Tax in Respect of Amount collected - Bouncing of cheques - ground of Penal Nature of Amount - TAXSCAN

The Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the demand of service tax in respect of the amount collected as bouncing of cheques on the ground of the penal nature of amount and are not towards consideration for any service and granted relief to the Bajaj Finance. Bajaj Finance…

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